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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Lease $ 666,674 $ 692,225 $ 2,006,904 $ 2,051,665
Total revenue 693,268 743,553 2,100,597 2,203,061
Expenses        
Rental 258,261 265,603 761,014 781,091
General and administrative 27,862 31,147 102,059 107,980
Transaction costs 307 538 1,254 1,415
Depreciation and amortization 166,456 165,862 515,738 507,867
Total expenses 458,946 474,322 1,400,640 1,432,266
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (6,873) (649) (5,410) 47,528
Gains (losses) on sales of real estate (209) (15) 613,723 766
Interest and other income (45) 7,178 4,277 14,546
Gains from investments in securities 1,858 106 965 4,240
Impairment losses 0 0 0 (24,038)
Loss from early extinguishment of debt 0 (28,010) 0 (28,010)
Interest expense (110,993) (106,471) (319,726) (309,837)
Net income 118,060 141,370 993,786 475,990
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (15,561) (18,470) (34,280) (54,782)
Noncontrolling interest - common units of the Operating Partnership (10,020) (12,504) (97,090) (43,133)
Net income attributable to the Company 92,479 110,396 862,416 378,075
Preferred dividends / distributions (2,625) (2,625) (7,875) (7,875)
Net income attributable to the Company's common shareholders / unitholders $ 89,854 $ 107,771 $ 854,541 $ 370,200
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share) $ 0.58   $ 5.49  
Net income (in dollars per share / unit) $ 0.58 $ 0.70 $ 5.50 $ 2.40
Weighted average number of common shares / units outstanding (in shares / units) 155,645 154,577 155,349 154,553
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.58 $ 0.70 $ 5.49 $ 2.39
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 155,670 154,820 155,447 154,847
Boston Properties Limited Partnership        
Revenue        
Lease $ 666,674 $ 692,225 $ 2,006,904 $ 2,051,665
Total revenue 693,268 743,553 2,100,597 2,203,061
Expenses        
Rental 258,261 265,603 761,014 781,091
General and administrative 27,862 31,147 102,059 107,980
Transaction costs 307 538 1,254 1,415
Depreciation and amortization 164,706 164,020 510,400 501,901
Total expenses 457,196 472,480 1,395,302 1,426,300
Other income (expense)        
Income (Loss) from Unconsolidated Joint Ventures (6,873) (649) (5,410) 47,528
Gains (losses) on sales of real estate (209) (15) 626,686 915
Interest and other income (45) 7,178 4,277 14,546
Gains from investments in securities 1,858 106 965 4,240
Impairment losses 0 0 0 (22,272)
Loss from early extinguishment of debt 0 (28,010) 0 (28,010)
Interest expense (110,993) (106,471) (319,726) (309,837)
Net income 119,810 143,212 1,012,087 483,871
Net (income) loss attributable to noncontrolling interests        
Noncontrolling interests in property partnerships (15,561) (18,470) (34,280) (54,782)
Net income attributable to the Company 104,249 124,742 977,807 429,089
Preferred dividends / distributions (2,625) (2,625) (7,875) (7,875)
Net income attributable to the Company's common shareholders / unitholders $ 101,624 $ 122,117 $ 969,932 $ 421,214
Basic earnings per common share / unit attributable to the Company        
Earnings Per Share After Allccation of Undistributed Earnings to Particiapting Securities Basic (dollars per share)     $ 5.61  
Net income (in dollars per share / unit) $ 0.59 $ 0.71 $ 5.62 $ 2.45
Weighted average number of common shares / units outstanding (in shares / units) 172,677 172,215 172,628 172,183
Diluted earnings per common share / unit attributable to the Company        
Diluted Earnings: Net income, Per Share Amount (in dollars per share / unit) $ 0.59 $ 0.71 $ 5.61 $ 2.44
Weighted average number of common and common equivalent shares / units outstanding (in shares / units) 172,702 172,458 172,726 172,477
Parking and Other [Member]        
Revenue        
Other revenue $ 16,327 $ 25,582 $ 54,777 $ 76,807
Parking and Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 16,327 25,582 54,777 76,807
Hotel [Member]        
Revenue        
Other revenue [1] 90 13,014 7,014 36,796
Expenses        
Operating expense 3,164 8,743 11,958 25,686
Hotel [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 90 13,014 7,014 36,796
Expenses        
Operating expense 3,164 8,743 11,958 25,686
Real Estate, Other [Member]        
Revenue        
Other revenue 2,896 2,429 8,617 8,227
Expenses        
Operating expense 2,896 2,429 8,617 8,227
Real Estate, Other [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 2,896 2,429 8,617 8,227
Management Service [Member]        
Revenue        
Other revenue 7,281 10,303 23,285 29,566
Management Service [Member] | Boston Properties Limited Partnership        
Revenue        
Other revenue 7,281 10,303 23,285 29,566
Expenses        
Operating expense $ 2,896 $ 2,429 $ 8,617 $ 8,227
[1] Rental Revenue is equal to Total Revenue per the Company’s Consolidated Statements of Operations, less Development and Management Services Revenue and Direct Reimbursements of Payroll and Related Costs from Management Services Contracts Revenue per the Consolidated Statements of Operations.